Anniston Housing

New Mortgage ‘Rate Relief’ Program Offers Discounted Rates as Low as 4% on Fixed Rate, Zero-Down Home Loans

Atlanta, GA (PRWEB) March 27, 2007

Katz Mortgage Team, http://www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, is pleased to announce they now offer a new discounted mortgage program called “Rate Relief,” which offers borrowers a discounted interest rate for the first two years of their home loan. This program can be used with a variety of loan products including 15 and 30-year fixed, Interest-Only and Zero-Down loans.

The way the program works is simple. The mortgage payment in years one and two are discounted and calculated at rates 2 percent and 1 percent, respectively, below the borrower’s permanent interest rate. For example: If a borrower locks in a market rate for a 30-year fixed mortgage at 6 percent, the borrower would initially pay an interest rate of only 4 percent the first year, 5 percent the second, and 6 percent in years three through 30. The cost of this buydown can be paid for by the seller/builder, or financed. The “Rate Relief” program is the most effective way to reduce expense ratios because the payment reduction is concentrated in the early years of the home loan. The expense ratios used to qualify the borrower are based on the reduced payment made by the borrower in the first month.

“This program is perfect for first time homebuyers and borrowers who need to financially grow into their home, but don’t like the uncertainty of adjustable rate mortgages,” states Stephen Katz of Katz Mortgage Team. “The average first time home buyer would save $ 200-$ 400 each month — or more — during the first year of their mortgage, and half as much in the second, depending upon the size of their mortgage.” The savings can also be magnified if matched up with an interest-only fixed rate mortgage.

The advantage of the “Rate Relief” mortgage program is obvious for home loan borrowers. Anytime a borrower can lower their initial monthly mortgage payments, they qualify for a higher sales price home. Or, if refinancing an existing mortgage, the borrower would further lower their payments, using this savings to pay off other bills, or to invest in high yield financial instruments. This loan provides home loan borrowers the benefit of a lower start rate, such as an ARM, but with the long-term stability of a fixed rate loan.

Katz further states, “Our new Rate Relief program is just what the doctor ordered for first time homebuyers or any borrower who wants a lower initial mortgage payment. We feel the program meets the needs of many of our customers who want a fixed predictable mortgage payment without the market risk that adjustable carry. It’s definitely the best of both worlds.”

About Katz Mortgage Team

Katz Mortgage Team, backed by Amtrust Mortgage Corporation and headquartered in Atlanta, Georgia, is a high-performance team of top mortgage professionals with a commitment to providing the highest level of personal service to customers in 24 states across the nation. As a full-service residential mortgage lender, Katz Mortgage Team specializes in residential mortgages, mortgage refinancing, adjustable rate mortgages (ARMS), fixed rate mortgages and a wide variety of Interest-Only loans attractive to real estate investors seeking investment properties.

About Amtrust Mortgage Corporation

A leader in mortgage banking, Amtrust Mortgage Corporation specializes in retail mortgage lending and is one of the largest independently owned mortgage companies in the nation. Constantly expanding coverage, Amtrust currently operates in the following states: Alaska, Alabama, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Michigan, Mississippi, Missouri Minnesota, North Carolina, New Jersey, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington.

For more information, contact:

Stephen Katz – Senior Loan Officer

866 742-8400 (toll free)

http://www.KatzMortgageTeam.net

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GetaT1quote announces a new T1 Service rate search website GetaT1quote.com

TAMPA, FL (PRWEB) April 3, 2004

New technologies are allowing residents of Alabama to partake of the lowest rates in history for dedicated services. They can also get real time pricing with GetaT1quote’s new GeoQuote real time pricing system. In the past getting pricing for multiple T1 Vendors took days but with GeoQuote technology clients can get an instant quote on a T1 line within minutes. Many Alabama business clients can now look forward to savings of up to 50% over what they paid in the past.

When asked about the company’s plans in Alabama, Diane Walker, CEO of GetaT1Quote.com stated, “We are very excited to be making such an impact in the Alabama market. Our real time pricing system will help customers always find the best provider and our dedicated team of experts will follow up with them to insure they also get the right service level agreement, hardware and exactly the right amount of bandwidth for their applications”.

Residents of Alabama can access the online quoting system at http://GetaT1quote.com/AL/index.cfm

Pricing for hundreds of Alabama cities and metro areas can be obtained from over 10 dedicated services providers in only a few seconds. Mrs. Walker concluded, “Our technology is empowering IT Department Heads, Entrepreneurs and CTO and putting them on a level playing field when in comes to voice and data choices. At one time most businesses had to rely on on site sales people pushing one provider. Those days are fading into the past and our company is happy to be bringing this technology to Alabama”.

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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When you delve more into the details related to American people in different states, you will find them yearning for things which they can not afford. Actually, it is one of the psychological traits for every human being that he always looks for something more expensive and exquisite. Same thing can be seen when it comes to buying a home in Huntsville as people love to buy those homes which are way too expensive for them to buy. But, one great way to buy these homes is by exploring the range of homes listed in Huntsville foreclosures.

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The fact of the matter is that you can always find a discounted property by exploring the range of foreclosures. If your aim is to find a discounted home in Huntsville, you must be ready to explore the complete range of Huntsville foreclosures. These foreclosure affected homes are available at much lower rates but you must also keep in mind that there is a decrease in Alabama foreclosures and Huntsville. In fact, there was a 20% decrease in foreclosure affected homes in 2008 as compared to 2007. So, if you are first time homebuyer, start your search now!

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